As a government employee, the Federal Employees Retirement System (FERS) Basic Benefit is a benefit available to you to help replace your current income and live a comfortable retirement. It is commonly referred to as the FERS pension. The size of your benefit can vary greatly as it depends on personal decisions you make during your working years.
As with many retirement planning decisions, there is no one right way to claim Social Security. The best time for you to file depends on several factors, ranging from your health, the size of your retirement savings, what other income sources you have, and your marital status.
It’s a question often asked by parents, from new parents to grandparents: how much should I be saving for college?
One of the best AT&T benefits for employees is a 401(k) account. It allows you to save, invest and grow money to supplement your AT&T pension. But, what happens when you retire or change jobs? What should you do with the money you’ve saved in your AT&T 401(k) account?
In retirement, one of your primary sources of income will consist of your retirement savings accounts, such as 401(k)s and IRAs. Withdrawing money from those accounts while they’re down can negatively affect the longevity of your portfolio. So, what can you do if you retire in a bear market?
During periods of extreme market declines, a natural emotional reaction can be to “take control” by selling out of the market and seeking safety in cash. This is due to “loss aversion” – or the fact that losses hurt more than gains feel good. The results of this action can be devastating because positive returns are more likely to occur by investing over the long term.
Today much of our financial lives exist in cyber space, which means protecting your identity from hackers is now an important part of managing your money.
With rising inflation, volatile stock and bond prices, and low interest rates on regular bank accounts, there are few places for investors to store any extra cash.
Changes are being made to the Thrift Savings Plan account. In an effort to improve the choice of investments available to investors within the TSP (currently restricted to five funds plus the L-series target date funds), the Federal Retirement Thrift Investment Board (FRTIB) is making a “mutual fund window” available to plan participants beginning this upcoming summer.
Let’s be honest: bonds are boring. Their relatively consistent and modest returns lack the daily excitement of erratic stock prices. So, when bonds do make headlines, it may be time to pay attention.
